Identify and categorise savings and investments - EIST Growth Circle

Financial Literacy – ABCs Of Financial Planning Identify and categorise savings and investments

Financial Literacy – ABCs Of Financial Planning

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1. COMPONENTS OF CASH INFLOW

Discuss the importance of Cashflow Planning, how it impacts personal finance

Identify the components of Cash Inflow – Salary, Bonus, Commissions

Discussion and categorisation of components of Cash Outflow

2. COMPONENTS OF CASH OUTFLOW

Discussion and identification of Cash Outflows, in particularly various Expenses : Fixed & Variable; Necessities, Lifestyle, Life Events Expenses

Learn to fill in monthly cashflow statement – Income, Expenses

Discuss methods of increasing cash inflows and reduce outflows

3. COMPONENTS OF LOANS & DEBTS

Identification and discussion on type of loans and debts

Showing participants how to categorise Loans and Debts

Showing participants how to calculate interest rates for various loans (house, car, credit cards, personal loan)

Analyse and reflect on ways to save from loans interests

4. DEBRIEF ON CASHFLOW STATEMENT

Reflection and sharing on what the Cashflow Statement tells about the participant

Showing the gap between financial Goals and actual current situation, aiming to increase awareness and work towards closing the gap

Discussion on obstacles in achieving financial goals

5. INVESTMENTS

Understand different asset classes of savings and investments

Identify and categorise savings and investments

Calculate return rates, compound interest, present and future value

Identify legitimate and fraudulent investments

6. INSURANCE

Understand different types of personal Insurance

How to read insurance policies

Identify personal insurance needs

7. SUMMARY AND CONCLUSION

Announcements Course Info

Conversational Form (#7)

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